Us Equity Credit line

Global Matrechs' (the "Company") credited technology portfolio lets in next-generation technologies that allow advance safe and computer storage resolutions for the nuclear, environmental and chemical industries. These technologies attend to the Nuclear Waste, Green and Office of Homeland Security spheres.
NuCap(TM), a license owned up entirely by Global Matrechs, is a silicon-based geocomposite radiation immune coating/foam used for encapsulate and consist radioactive stuffs. For in depth data go to our Internet site Globalmatechs
 

Other secured technology is HNIPU (Hybrid Nonisocyanate Polyurethane). This production certifies superior immunity attributes to chemical degradation in that it's 30-50 percentages improve than established polyurethane and bears importantly cut down permeable ness, equal to 3 to 4 times lower than established products.
The Company has arrived at some crucial inroads on each of these products in both the United States and Europe. Below is an outline of the chronicle of these achievements, introduced by appropriate data concerning the financial end of our business organization.

YEAR END AUDIT YEAR END AUDIT

We are as disappointed as anybody that we have been displaced to the Pink Sheets of OTCBB and our onetime status as an accounting company. It wasn't our intent to de-list. We acknowledge and honor the truth that our stockholders invest and do support the Company both since from the cutting edge technology it promotes and since we’re an accounting company. Regrettably, the events going to and following our closing audited account 2005 caused us to center on the reality that our then latest auditors were going up in another direction that disagreed from that of the Company. We consequently arrived at the painful simply essential determination to change auditors beginning with the first 10Q in 2006. We found that aside delivering three quarters to enfold their arms around our financials, our newly auditors would deliver plentiful time to assure the type and nature from advanced funding the Company has adopted because its onset. In hindsight, since is frequently the case we embodied excessively affirmative and to this date our current auditors are fighting with these complex conceptions. That aforesaid, we do anticipate our audited account to be accomplished soon and hopeful that the critical review by the past auditors won't acquire an excessive amount of time. We're likewise 

Committed to completing the critical review* of the first off and 2nd quarters with the extreme hastiness. With this being said, we will then be actual with our filings and will quickly fix up for a market maker to lodge a 15c211 with the NASD, whereat we had better equal re-listed before long thereafter. Naturally, we will keep you posted with our advancement.

ISSUED AND OUTSTANDING SHARES

All over the years that Global Matrechs has supported its operations by the backup of a group of funds, around of which had funded the Company even before we bought our technology and altered our name from Homecom Communications, Inc. to the line of around five million dollars. The goal is to continue the Company operating till it returns adequate orders to produce a confident cash flow. Given the global signification of its technologies this destination looked well attainable and we're, in point of fact arriving closer and closer to this benchmark. This cash in hand accept certain rights, one which is the right at their discretion to become the debt into common stock thru a declared formula from average costs less a discount. The Company accepts no more control all over as when these will happen and the creditors accept complete control across these outcomes). On this being said, these finances have converted a big amount of debt into shares all over the last 12 calendar months*. The beneficial news is that we're boiling down our debt, but to act this we have had to bring out a substantial amount of shares. At the end of June the Company accepted close to 220,000,000 shares issued and outstanding. We have arranged our Equity credit line on hold till we're current on our filings and are enrolled on the OTCBB.

LITIGATION

The Company eventually settled and accomplished its payment to Carey Naddell. The companies agreed to change the past-owed debt of $100,000.00 owed to Naddell into 20,000,000 shares of common shares. These shares will be recorded on the next registration. There's no more additional material judicial proceeding.

When the US Government revisions its guidelines since handling nuclear wastes, ageing power plants abide to acquire newly life and value, and the market are receptive guess about the possible building of newly power plants. No one accepts ordered or assembled a nuclear power plant in this country in over twenty years.

With the accident that newly fell out in Japanese Islands, NuCap(TM) might future cleanings. The use of NuCap(TM) could distinctly mitigate any cleansing and maybe block off whatever leak into the air. That said the United States government has arrived at changes in how nuclear wastes are addressed at the intermediate-time level. "Mainly, it's because of the bankruptcy of Yucca Mountain to come out." (Yucca Mountain, Nevada, for years has made up designated as the nation's exclusive deposit of nuclear wastes, but legal disputes, cost overruns and governmental and environmental opposition has stalled them since the late nineties.). There's presently movement because the use of this facility. If these case happens it bears to conclude that NuCap(TM) would bid a feasible result for the storage

From barrels therein facility or, for that affair, whatever additional facility in the United States. Or elsewhere around the world. Nearly all place in the United States. Are belonging toward dry out depot and the administration and the country in general are rethinking however improve to address waste. Although there's spill the beans recently almost changing from dealing blow to finding a different varieties of nuclear reactor* to manage the waste. It's our argument that so much change will not fall out for a while. Meanwhile it has aforesaid by the establishment that "average storage" is an event as the pools that are presently lying in nuclear waste fill up. How do you address this dispute? Ponds have been close to since a while and it has fundamentally substituting the pools by an "intermediate matter." NuCap(TM) could be an important component of that "intermediate affair."

Coming to radioactive waste, the equivalent are put in steel-lined existent pools at power station sites, which essential be perpetually maintained making the regular more ambitious issue of leaking drums. NuCap(TM) would be essential in blocking the waste at bottom and running along for repackaging of these waste material* and for the product compliments the present formulas along, amongst additional matters, lining and delivering fast unsafe stuffs within leaking barrels, it offers up a different result. Now, such a design is being accosted at the Hanford Nuclear Facility (Richland, WA). The Company is arriving at all attempts to comprise part of this bidding and design. We're in the operation of finalizing working agreements with additional contractors who are presently on-the-scene. Our head salespersons are acting diligently to accomplish these kinships on the 3rd quarter.

NuCap(TM) demonstrates enormous long-run strength, which, once blended with the proportional ease of area application and could be helpful in setting up leaking barrels and all over carrying the barrels and blocking the hived away stuffs wet or dry, to insure safety transportation and long-run secure depot.
Business

Since the Company accepts possessed the NuCap(TM) technology, it has sharply looked to more competitors and best methods to construct the product. Equally declared in the past times we give booming in building up a secure working kinship with Dow Corning. As a matter of fact, during a late encounter, we talked about and accorded in principal to an extension service of our original arrangement which we anticipate to get accomplished earlier the closing of the 3rd quarter. As well, in reaction to the initial call for and involvement in NuCap(TM), the Company delivers transported many sample distribution and pilot orders to Australia, Finland, and Germany, in addition to as multiple DOE sites inside the United States. We have constructed and embarked more NuCap(TM) in the last 12 months than the 8 years the product was made up by Eurotech, LTD.

-- The Company has accomplished dialogues for the micro-encapsulation of Nuclear waste in packages and the encapsulation of leaking barrels of nuclear waste at the Oak Ridge facility in Tennessee, which arranges of NuCap(TM were accomplished in the fall of 2006. These orders and the visible success of the application program of the merchandise ensued into a different decree as another rent part of that facility and when the Company suggested a result

Since their warehousing comes out they quickly followed up. An order made up placed as Close to a one-half a ton from the merchandise from the Company. The events far exceeded what was anticipated of the product and accordingly investment company* accept comprised booked for a significant amount of the merchandise to be placed this quarter, which we desire to send in early August. This purchase order is substantial and will admit at the least a metric ton of material. Dow Corning, our manufacturing collaborator, is prepared and makes to fulfill the requirements of this buyer.
-- Since declared in past press releases by Nucon, the Company is happy with the ahead of time outcomes that Nucon is showing with NuCap(TM). We are eagerly

Expecting verification of their first step order and projections for the next 2 years. They deliver given firm indications in their prior releases that orders will include at any rate a hundred metric tons of NuCap(TM) to back their doubled projects. The Company is adjoining with the management of Nucon during the last calendar week of July to accomplish these discussions.

--We take on delivered a pilot order to Nist, a nuclear facility in Maryland this calendar month, and anticipate experiencing a bidding for a great deal bigger project at this facility next calendar month. The project meditates completion in Jan 2008.

HNIPU
The route to success has comprised as evenly ambitious for HNIPU. We initially anticipated this product to take off a good deal faster than it has. We all envisioned a firm need for a non-harmful stuff in its sector here in the United States, equally acted the Environmental Protection Agency and also as all the same cases from authorities in the EC. We dealt early successes that unluckily didn't materialize into satisfying business. An illustration of this was a pilot order from a large Kingdom of Belgium company and a call in to our essay research lab in State of Israel, with great final result*. Regrettably, the person directing these projects are no longer with the company and his successor has called for us to begin over again.

-- More or less ahead of time succeed that have transpired altogether over the last 12 calendar month* in Israel, Europe and the United States. We have acknowledged healthful news coming to the effects of the ingestion of the product. We trust these concern in the product will materialize into a lot of business enterprise.

-- EFM, our gross sales collaborator in the EC and parts of Asia has accomplished its funding, which constitutes highly favorable news and we also anticipate to pick up accounts of greater orders in Europe ahead the end of the year. His financial support will dedicate EFM the capacity to commercialize and purchase the raw materials at more competitors’ costs and then the constructing of HNIPU will be accomplished at greater savings, which will arrive at us more competitors in the marketplace.
We anticipate to accomplished a large manifestation in the New York City area before the closing of August for a 300,000 square foot facility and if approved

These project demands to be accomplished before year-end. This facility will demand 2 coats of material for a come of 600,000 square feet. If there is a success with HNIPU and this client, who commands millions of feet of garage and storage warehouse place, we would hope to take part in the application of HNIPU to the rest of their facilities because they come up appropriate as refinishing. These project entirely will take a long time to accomplished and would be responsible an important component of the output of HNIPU. In concise, we're working at a lot of pilot orders and test application program* and accept arranged an amount of considerably experienced business deal appearances in the New York State area.
 

GENERAL

-- The Company traded away its humble investment in Tulix, the onetime operational company that was originally component of Homecom communication theory, for $50,000.00. The Company all the same holds close to $90,000.00 in other investitures.

Ultimately, we acknowledge of your frustration waiting for this update to come out and we apologies for that and hope in the time to come we can generate an update with more timeliness.

"Innovative Statements" Investors are admonished that certain statements carried in this written document, likewise as additional statements in periodic press releases and approximately oral arguments of Global Matrechs, Inc. officials during demonstrations, are "progressive" statements inside the implying of the Private Securities Litigation Reform Act of 1995 (the "Act").

Innovative statements include affirmations which are prophetic in nature, which depend on or bring up to future issues or circumstances, or which include words such as "anticipates," "expects," "corresponds," "aims," "faiths," "approximations," "hopes," "endeavors," or exchangeable expressions. Additionally, whatever statements bearing on future financial operation (including future incomes, profits or rates of growth), ongoing business concern schemes or candidates, and potential future activities, which may be allowed by management, are likewise advanced affirmations as outlined by the Act.

 Some of the factors that forced out in this press release include, simply are not confined to: insufficient immediate payment flow to bear on to fund the maturation and merchandising of the Company's products and technologies; the bankruptcy of the Company's products and technologies to become commercially in demand; the release of key personnel; interchanges in financial markets and ecumenical financial condition*; and, conflicts as to the Company's intellectual belongings rights, including the Company's rights to the technologies that it licenses from Eurotech, Ltd. Advanced statements are founded abreast of current anticipations and projections almost future outcomes and are capable to perils, uncertainness, and assumptions about Global Matrechs, its certifies, products, economic and market factors and the sectors in which Global Matrechs acts business concern, amongst other matters. These statements are not warranties of future operation and Global Matrechs accepts no specific intent to update these statements.